Gap Insurance in Arkansas (2026)
Gap insurance is an optional coverage that can provide added financial protection if you total your car or someone steals it.
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Written byJennifer Brozic
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Jennifer Brozic
18+ years experience in finance writing
Background in communications for banks and credit unions
Jennifer is a content marketing writer specializing in the financial services and insurance industries. Her areas of expertise include budgeting, building credit, loans, and more.
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Edited byKatie Powers
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Katie PowersLicensed P&C Agent, Senior Insurance Editor
Licensed auto and home insurance agent
4+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
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Reviewed byDavid Marlett
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David MarlettAdvisor
David Marlett is the Managing Director of the Brantley Risk and Insurance Center. He is a professor in the Department of Finance, Banking, and Insurance at Appalachian State University and holds the IIANC Distinguished Professorship. David also serves on the Board of Directors for the Invest program and previously chaired the Loman Advisory Committee for the CPCU Society.
David has taught courses in Risk Management and Insurance for the last 25 years, starting at Florida State University while in the doctoral program. Prior to graduate school, David worked as a commercial lines underwriter for USF&G in Tampa.
He serves as a resource on insurance issues and is a frequent media contributor. He has been quoted by a wide range of outlets, including The New York Times, CNN, Reuters, and NPR.
David has been reviewing articles for Insurify since March 2025.
Updated
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Table of contents
Gap insurance — also known as guaranteed asset protection — can help protect your finances if you total your leased or financed car or if someone steals it. After your insurance company declares your vehicle a total loss, it typically pays out its actual cash value — not the amount you owe on it.
Gap coverage helps pay the difference between the actual cash value (ACV) of the car and the remaining balance on your loan or lease, if there is one. The average monthly full-coverage car insurance cost is $144 in Arkansas. Adding gap coverage to your policy typically costs another $2 per month.
Here’s what you need to know about securing gap insurance in Arkansas.
Quick Facts
Gap insurance is optional in the state of Arkansas.
Arkansas drivers can purchase gap insurance from dealerships, insurance companies, lenders, and stand-alone providers.
Arkansas only requires drivers to maintain liability coverage.
How gap insurance works
Cars depreciate quickly. When you file a comprehensive or collision claim, the insurance company pays the vehicle’s ACV in the event of a total loss. But the compensation you receive may be less than what you owe on your car loan or lease.[1] In these situations, it’s up to you to make up the difference.
With gap insurance, the insurer covers the difference between the car’s value and what you owe. Without it, you’d have to keep making monthly payments on a vehicle you no longer own or pay off the loan or lease in a lump sum.
What gap insurance covers in Arkansas
Gap insurance policies can help prevent out-of-pocket expenses after a total loss or theft. They can also protect you from rolling negative equity into your next auto loan or lease.
Here’s an example of how gap insurance works.
Say you buy a car for $45,000. A year later, you’re in an accident and the insurance company declares it a total loss. The ACV of the vehicle is $37,000 at the time of the accident. But you still owe $41,000 on your auto loan.
In this case, your insurer would cut the lender a check for $37,000 — minus your deductible — under your collision coverage.[2] If you have gap insurance, it’ll cover the $4,000 you owe to the lender. If you don’t have gap coverage, you must pay the difference yourself.
Important Information
Gap insurance doesn’t cover vehicle repairs, mechanical issues, or injuries from an accident. It also doesn’t typically cover your comprehensive and collision deductible, although there may be exceptions.
Find Car Insurance in Arkansas
Rates average $144 per month for full-coverage policies
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4.7 out of 5 based on 12,427 reviews
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Best gap insurance companies in Arkansas
Many auto insurers in Arkansas offer gap insurance that can help protect your finances if you’re upside down on your auto loan or lease. Here’s a list of the best car insurance companies in Arkansas that provide gap insurance.
State Farm
| User Reviews | 4.0 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.3 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $44/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $88/mo |
4.0
Best choice in ArkansasBased on 15,788 verified driver reviews and ratings
How drivers feel about State Farm
Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.
AI-generated from the text of verified reviews collected by Insurify
Best in Arkansas for
Customer service
Competitive rates
Discounts for safe drivers
How drivers feel about State Farm
Customers appreciate the insurer’s excellent customer service and personal attention but dislike the high prices and frequent rate increases. They also express frustration with the claims process.
AI-generated from the text of verified reviews collected by Insurify
Best in Arkansas for
Customer service
Competitive rates
Discounts for safe drivers
Showing 20 reviews from Arkansas drivers - See all 7,176 State Farm reviews
Christopher
Verified Review
I have no wrecks and no tickets.
Reviewed in Arkansas on February 16, 2026
$200 is way too much for someone with a clean driving record.
William
Verified Review
Shop and Save
Reviewed in Arkansas on January 28, 2026
Insured with State Farm for 50 years, and they sell what makes them the most. The price is too high.
Debra
Verified Review
Two on disability, one on limited retirement funds, one working at Walmart!
Reviewed in Arkansas on January 11, 2026
I have not had to make a claim yet, but in the three years we have lived in Arkansas, our car insurance has been terribly high. We also have homeowners insurance. It has gone up so high that we are reaching the point of having it pulled way back to about nothing. I have a really hard time believing that both of these are appropriate. I have seen our insurer's new office. It is ridiculously fancy. While we struggle out here, the prices just keep going up. It greatly saddens me that they are this way.
James
Verified Review
Stay away from State Farm!
Reviewed in Arkansas on January 8, 2026
Stay clear of State Farm! The agent never contacts you when you have a problem, and rates continue to rise with no accidents or claims.
Stanley
Verified Review
Total Dissatisfaction
Reviewed in Arkansas on December 8, 2025
The payment goes up every month on a six-month service. It's ridiculous.
Douglas
Verified Review
Good
Reviewed in Arkansas on November 23, 2025
Rather expensive.
Tina
Verified Review
Price
Reviewed in Arkansas on November 23, 2025
It's too high.
Altha
Verified Review
Good insurance, but expensive
Reviewed in Arkansas on October 16, 2025
You'll pay a high price for your policy.
Kevin
Verified Review
Excellent
Reviewed in Arkansas on September 29, 2025
They are really friendly and try to help you as best they can.
…
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
647NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
0.84A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++Why we picked this company
State Farm tops our list of the best insurance companies in Arkansas. State Farm’s Payoff Protector product covers the difference between the ACV of your vehicle and your loan balance if you total your car or someone steals it. But it’s only available on loans State Farm Bank originates, and your loan must be in good standing to qualify for a payout under the policy.
Pros
High rates of customer satisfaction
Rideshare insurance available
Cons
Payoff Protector product is only available for loans through State Farm
May not be the cheapest choice for drivers with violations
USAA
| User Reviews | 4.9 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 9.1 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $53/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $106/mo |
4.9
Best choice in ArkansasBased on 3,128 verified driver reviews and ratings
How drivers feel about USAA
Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.
AI-generated from the text of verified reviews collected by Insurify
Best in Arkansas for
Members of the military community
Outstanding customer service
Competitive rates
How drivers feel about USAA
Customers appreciate the insurer’s reliable customer service and claim handling but express concerns about high rates and frequent price increases. Some also find the insurer’s security protocols and communication methods frustrating.
AI-generated from the text of verified reviews collected by Insurify
Best in Arkansas for
Members of the military community
Outstanding customer service
Competitive rates
Showing 6 reviews from Arkansas drivers - See all 1,477 USAA reviews
Renae
Verified Review
Excellent
Reviewed in Arkansas on March 3, 2026
Astronomical rates that keep rising on my 2016 car. Monthly premium rates are too high.
Ida
Verified Review
Rate Increases
Reviewed in Arkansas on January 9, 2026
I have never filed a claim, but the rates just keep going up.
Ida
Verified Review
USAA
Reviewed in Arkansas on December 23, 2025
No claims, yet the price continues to climb.
Leslie
Verified Review
Shopping for better rates
Reviewed in Arkansas on November 30, 2025
Started out good, then prices started to increase. After an at-fault accident, my premium went through the ceiling. Haven't had any claims. Looking for a better rate.
Rick
Verified Review
Great company, but seems a little pricey
Reviewed in Arkansas on October 10, 2025
Great experience, except for the pricing. Two vehicles, both Liability Only minimum policies, one minor incident (hit by another vehicle, no injuries, 2 years and 10 months ago) still almost $100 for coverage with low yearly mileage.
Shandra
Verified Review
Helpful in Difficult Times
Reviewed in Arkansas on March 21, 2025
When I was 22, I was hit by a drunk driver. They assisted me in overcoming that difficult situation.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
759NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.31A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A++Why we picked this company
USAA offers its members total loss protection with their auto insurance policy. If a covered incident results in a total loss of your vehicle, this coverage pays the difference between what you owe on your auto loan and what your car is worth at the time of the incident.
Pros
High customer satisfaction
Low premiums
SafePilot program rewards good driving with up to 30% discount
Cons
Only available to active-duty military, veterans, military spouses, or children of service members or veterans
No 24/7 customer phone support
Customer reviews are mixed for service and claims processing
Allstate
| User Reviews | 3.8 |
|---|---|
| IQ Score The Insurify Quality (IQ) Score uses more than 15 criteria to objectively rate insurance companies on a one-to-ten scale. The Insurify editorial team researches insurer data to determine the final scores. | 8.9 /10 |
| Liability Only Liability-only insurance, sometimes called minimum-coverage insurance, pays for bodily injury and property damage to others in an accident the policyholder causes. It does not pay for the insured’s own damages. | $97/mo |
| Full Coverage Full-coverage car insurance generally includes liability, collision, and comprehensive coverage, and may include other optional coverages such as uninsured motorist coverage. Collision covers a policyholder’s repair or replacement costs in case of an accident. Comprehensive covers damages caused by non-accident events. The average quote displayed here reflects policies with the following coverage limits: $50,000 bodily injury liability per person; $100,000 bodily injury liability per accident; $50,00 property damage liability per accident; $1,000 collision deductible; and a $1,000 comprehensive deductible. | $195/mo |
3.8
A solid option in ArkansasBased on 9,438 verified driver reviews and ratings
How drivers feel about Allstate
Drivers appreciate the friendly customer service and efficient claims processing, but many find the rates too high and experience unexpected price increases. Some also report poor communication from agents.
AI-generated from the text of verified reviews collected by Insurify
Best in Arkansas for
Accident forgiveness
Wide availability
Cheap rates
How drivers feel about Allstate
Drivers appreciate the friendly customer service and efficient claims processing, but many find the rates too high and experience unexpected price increases. Some also report poor communication from agents.
AI-generated from the text of verified reviews collected by Insurify
Best in Arkansas for
Accident forgiveness
Wide availability
Cheap rates
Showing 12 reviews from Arkansas drivers - See all 4,268 Allstate reviews
William
Verified Review
I have been with Allstate for over 30 years and have not had a claim in over 20 years, but my rates have continued to increase.
Reviewed in Arkansas on February 5, 2026
I have been with Allstate for over 30 years and have not had a claim in over 20 years, but my rates have continued to increase.
Lane
Verified Review
Mixed review. Confused about recent increase.
Reviewed in Arkansas on February 3, 2026
Good customer service, very friendly staff. I got concerned when I changed vehicles; same coverage but the cost increased.
Joe
Verified Review
Allstate good but expensive
Reviewed in Arkansas on January 19, 2026
Allstate was good until the rates got too high.
Grace
Verified Review
I pay my car insurance on time or before the due date and in return they send me my receipt promptly
Reviewed in Arkansas on November 5, 2025
I have a good rate policy with Allstate.
Grace
Verified Review
Good Company
Reviewed in Arkansas on November 3, 2025
I can say that Allstate is good and reliable, and they have good communication skills. Overall, it's a good company for your car insurance.
Connie
Verified Review
OK
Reviewed in Arkansas on October 29, 2025
I really don’t have any thoughts on Allstate. They do their job and I send them my premium every month.
Sherri
Verified Review
Too much money
Reviewed in Arkansas on October 14, 2025
I'm sick of paying so much for my insurance through them.
Robert
Verified Review
Great company
Reviewed in Arkansas on October 8, 2025
Exceptional
Christopher
Verified Review
Russellville Arkansas Allstate Experience
Reviewed in Arkansas on May 14, 2025
There was zero interaction from the agent after she took over my policy. She never looked for discounts and always answered with, "My insurance went up also," or "At least it didn’t increase this year." When I rated her service with Allstate Surveys, she replied negatively and suggested I look for another agent. I’m now looking for another agent.
JD Power
J.D. Power data measures overall customer satisfaction and claims satisfaction based on a 1,000-point scale.
629NAIC Index
Average amount of customer complaints relative to competitors on a 0-5 scale. A lower score represents fewer complaints.
1.02A.M. Best
A.M. Best analyzes an insurer’s financials, operating performance, business profile, and other factors to generate an opinion-based rating of a company’s financial and credit strength. Ratings range from A++ (exceptional) to D (poor).
A-Why we picked this company
Gap insurance from Allstate is available on new and used cars, but you must add it to your policy when you finance the purchase of your car. It’s available for all vehicles with loan terms of 96 months or less. Allstate gap insurance covers up to $1,000 of your comprehensive or collision deductible and up to $50,000 of your loan or lease balance after a total loss.
Pros
Well-established with superior ratings from AM Best
Pay-per-mile option available
Cons
Low customer satisfaction
Rates are merely average compared to other insurers
Data scientists at Insurify analyzed more than 40 million real-time auto insurance rates from our partner providers across the United States to compile the car insurance quotes, statistics, and data visualizations displayed on this page.
The car insurance data includes coverage analysis and details on drivers’ vehicles, driving records, and demographic information. Quotes for Allstate, Farmers, GEICO, State Farm, and USAA are estimates based on Quadrant Information Services’ database of auto insurance rates.
With these insights, Insurify is able to offer drivers insight into how companies price their car insurance premiums. The data included on this page represent averages across driver ages, genders, credit scores, and driver profiles for Arkansas drivers.
Gap insurance vs. full coverage
Full coverage includes a combination of liability, collision, and comprehensive coverages. It doesn’t include gap insurance.
Liability insurance covers your responsibility to others if you’re at fault in an accident.[3]
Comprehensive and collision coverages pay out the fair market value of the vehicle if a total loss or theft occurs. But full coverage doesn’t pay the difference if you owe more than your car is worth. Adding gap insurance provides an additional layer of protection if you have an auto loan or lease.
Who needs gap insurance in Arkansas?
Gap insurance is an optional coverage in Arkansas and isn’t necessary for every driver. But it may be a good idea if you:
Own a car that depreciates faster than average
Put little money down when you bought your vehicle
Have an extended loan term
Put more miles on your car than the average driver
These scenarios increase the likelihood that you’ll be underwater on your auto loan if your insurer declares your vehicle a total loss within your first few years of owning it. If you lease your vehicle, the leasing company will likely include gap insurance in your contract. But you don’t need to buy it to qualify for a car loan.
You don’t need gap coverage if you don’t have an auto loan or lease. If you made a large down payment when you purchased your car and don’t owe more than the vehicle is worth, you can probably skip this coverage.
)
How Much Will Insurance Pay for My Totaled Car? (Full Guide)
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How to buy gap insurance in Arkansas
You can purchase gap insurance coverage whether you have a used or new car, as long as you meet the insurer’s requirements. You can purchase gap insurance at any of the following:
Car dealerships: You can buy coverage from the dealer when you purchase your vehicle.
Insurance companies: Many, but not all, traditional insurers offer gap insurance. You can usually add gap coverage to your existing auto insurance policy if you have comprehensive and collision coverages.
Lenders: Banks and credit unions may offer gap insurance as part of your loan agreement when you finance your vehicle.
Stand-alone gap providers: Some online companies offer gap coverage as a stand-alone product that you can purchase separately from your auto insurance company.
The cost of gap insurance can vary significantly, depending on where you buy it. Consider consulting an independent insurance agent or lender to compare quotes between plans for the best rate.
Cheapest recent car insurance quotes in Arkansas
Recent Arkansas car insurance prices for Lexus, Toyota, Nissan , and more.
*Quotes generated for Insurify users within the last 10 days. Last updated on March 5, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 500+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from March 5, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
*Quotes generated for Insurify users within the last 10 days. Last updated on March 5, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
Rates shown are real-time Insurify user quotes from 500+ insurance companies and Quadrant Information Services data. Insurify’s algorithm excludes anomalous quotes and anonymizes personal details, then displays refined quotes by price, date, and insurer popularity up to 10 days ago from March 5, 2026. Actual quotes may vary based on the policy buyer’s unique driver profile.
Gap insurance in Arkansas FAQs
When you owe more than your car is worth, gap insurance can help minimize the financial impact of a total loss. But it’s important to understand how it works so there are no surprises later. Here are answers to some commonly asked questions about gap coverage.
Does Arkansas require gap insurance?
No. Gap insurance is optional in Arkansas. The only coverage Arkansas requires drivers to carry is liability. Arkansas drivers must maintain at least $25,000 per person and $50,000 per accident in bodily injury liability. The state also requires $25,000 per accident in property damage liability.[4]
What exactly does gap insurance cover?
Gap insurance covers the financial gap between your insurance payout for the value of your vehicle and what you owe on an auto loan after you total your car. It can also cover this difference if someone steals your leased or financed vehicle.
What are the cons of gap insurance?
You’ll have to pay a slightly higher car insurance rate, though the extra fee may be worth it if you total your financed or leased vehicle. The optional insurance doesn’t cover repairs for your vehicle or medical expenses following an accident, but your liability, comprehensive, and collision insurance should. An investment in more robust insurance coverage can help give you peace of mind.
Who should get gap insurance?
If you put little money down, opted for an extended loan term, drive more than average, or have a car that depreciates rapidly, you’re more likely to become upside down on your auto loan. Purchasing gap insurance may be a good option in these situations. The leasing company will likely require gap coverage if you lease your vehicle rather than buy. Arkansas law doesn’t require it, but you should read the fine print of your loan or lease contract to see if your lender requires you to purchase it.
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Sources
- Insurance Information Institute. "Auto insurance basics—understanding your coverage."
- Insurance Information Institute. "What is gap insurance?."
- Insurance Information Institute. "Auto Insurance Basics."
- Arkansas Insurance Department. "Consumers FAQ."
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Written byJennifer Brozic
Jennifer Brozic
18+ years experience in finance writing
Background in communications for banks and credit unions
Jennifer is a content marketing writer specializing in the financial services and insurance industries. Her areas of expertise include budgeting, building credit, loans, and more.
Featured in
Jennifer is a content marketing writer specializing in the financial services and insurance industries. Her areas of expertise include budgeting, building credit, loans, and more.
Katie PowersLicensed P&C Agent, Senior Insurance Editor
Licensed auto and home insurance agent
4+ years experience in insurance and personal finance editing
NPN: 20564519
Katie uses her knowledge and expertise as a licensed property and casualty agent in Massachusetts to help readers understand the complexities of insurance shopping.
Featured in
David MarlettAdvisor
David Marlett is the Managing Director of the Brantley Risk and Insurance Center. He is a professor in the Department of Finance, Banking, and Insurance at Appalachian State University and holds the IIANC Distinguished Professorship. David also serves on the Board of Directors for the Invest program and previously chaired the Loman Advisory Committee for the CPCU Society.
David has taught courses in Risk Management and Insurance for the last 25 years, starting at Florida State University while in the doctoral program. Prior to graduate school, David worked as a commercial lines underwriter for USF&G in Tampa.
He serves as a resource on insurance issues and is a frequent media contributor. He has been quoted by a wide range of outlets, including The New York Times, CNN, Reuters, and NPR.
David has been reviewing articles for Insurify since March 2025.